This new De Beers Group initiative will consider small investments in areas that may include downstream distribution, consumer brands, marketing platforms, security, cutting and polishing, and imaging technologies.
The objectives of the investments will be to generate returns that are both strategic and financial.
“Not all good ideas can be generated or executed by a large corporation,” says senior vice president of strategic initiatives at the De Beers Group, Tom Montgomery.
“We believe that harnessing the energy of entrepreneurs to pursue strategic opportunities that benefit De Beers and the diamond industry can be a cost-effective, risk-reduced way to pursue innovation.”
Entrepreneurs can submit their business plans and proposals to De Beers at www.debeersventures.com.